Posted by Defense World Staff on Aug 1st, 2024
Cinemark Holdings, Inc. (NYSE:CNK – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $22.90.
A number of analysts have recently commented on the company. Morgan Stanley upped their price objective on Cinemark from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. Roth Capital upgraded Cinemark from a “hold” rating to a “strong-buy” rating in a report on Monday, June 24th. Barrington Research restated an “outperform” rating and set a $24.00 price objective on shares of Cinemark in a report on Monday, June 17th. JPMorgan Chase & Co. increased their price target on Cinemark from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Finally, Roth Mkm upgraded Cinemark from a “neutral” rating to a “buy” rating and increased their price target for the company from $19.00 to $26.00 in a report on Monday, June 24th.
Read Our Latest Analysis on CNK
Institutional Trading of Cinemark
Several large investors have recently modified their holdings of the business. CANADA LIFE ASSURANCE Co grew its stake in shares of Cinemark by 0.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 122,908 shares of the company’s stock valued at $2,209,000 after acquiring an additional 612 shares in the last quarter. NBC Securities Inc. grew its stake in shares of Cinemark by 17.2% during the fourth quarter. NBC Securities Inc. now owns 4,764 shares of the company’s stock valued at $67,000 after acquiring an additional 700 shares in the last quarter. Watershed Asset Management L.L.C. grew its stake in shares of Cinemark by 6.2% during the fourth quarter. Watershed Asset Management L.L.C. now owns 15,658 shares of the company’s stock valued at $221,000 after acquiring an additional 915 shares in the last quarter. QRG Capital Management Inc. grew its stake in shares of Cinemark by 5.9% during the second quarter. QRG Capital Management Inc. now owns 20,557 shares of the company’s stock valued at $444,000 after acquiring an additional 1,148 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in shares of Cinemark by 2.3% during the second quarter. Louisiana State Employees Retirement System now owns 53,700 shares of the company’s stock valued at $1,161,000 after acquiring an additional 1,200 shares in the last quarter.
Cinemark Trading Up 3.1 %
Shares of Cinemark stock opened at $23.59 on Thursday. The firm has a market cap of $2.89 billion, a PE ratio of 16.27, a P/E/G ratio of 2.07 and a beta of 2.36. The company has a quick ratio of 1.45, a current ratio of 1.48 and a debt-to-equity ratio of 7.42. The business’s fifty day moving average is $19.94 and its two-hundred day moving average is $17.94. Cinemark has a fifty-two week low of $13.19 and a fifty-two week high of $23.86.
Cinemark (NYSE:CNK – Get Free Report) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.40. The business had revenue of $579.00 million during the quarter, compared to the consensus estimate of $561.91 million. Cinemark had a return on equity of 69.48% and a net margin of 7.12%. The business’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.03) EPS. Analysts anticipate that Cinemark will post 1.09 earnings per share for the current year.
About Cinemark
Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of February 16, 2024, it operated 501 theatres with 5,719 screens in 42 states and 13 countries in South and Central America. Cinemark Holdings, Inc was founded in 1984 and is headquartered in Plano, Texas.
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